I store mine in a large food safe container that I got at the restaurant supply store here. I buy the Super Hymo shortening for cakes, icing, and sweet doughs so I am going to assume that is what they have and mine is hi-ratio.

I went to the Dollar Store and bought 16oz. containers--3 for a $1. I weighed out 14 ounces (the weight of 2 cups of hi ratio) and put it in each container using a large ice cream scoop and wrapping each in some wax paper.

I store them all in a large plastic storage bin and take 1 or 2 out at a time.

Yes, it's a bit of overkill, but it really keeps the shortening fresh--pretty much like the way the bars of Crisco are packaged--and I have it say that it keeps for a super long time this way.

I wash the containers and put the empties back in the larger bin so that I can repeat it again when I get another 50# brick (I get Sweetex).

You can also freeze it. I portioned mine into freezer bags ( 1 bag =1 recipe of frosting) and put the bags into a large bucket in my chest freezer. I thaw as needed and just throw out my bag after taking my thawed shortening out.